Andreessen resigns from ebay’s board as Paypal readies for spinoff

Web-browser pioneer Marc Andreessen resigned from the board of eBay Inc., saying that the separation of the online marketplace and its PayPal Inc. payments service marks “the right time to step down.” Mr. Andreessen, right, co-founder of Netscape Communications Corp. and a board member at Hewlett-Packard Co., has “complete confidence” in the ability of eBay chief executive John Do- nahoe and the board to successfully split the company, he said in a statement Monday. EBay and PayPal are considered takeover candidates after their split, for buyers such as Alibaba Group Holding Ltd. and Google Inc., according to analysts. PayPal will become a stand-alone company by the end of next year. Hewlett-Packard, run by former eBay CEO Meg Whitman, also is splitting up.